Canada & World

Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.

TekSavvy won’t bid in wireless auction, may raise prices after CRTC rate decision

The CRTC reversed a 2019 decision that lowered the rates smaller providers such as TekSavvy pay to piggyback on the networks of larger cable and phone companies.

Banks face questions about deploying cash as they ease up on reserve building

Executives from the country's most prominent banks faced questions from analysts Thursday about what they'd do with all the cash they are sitting on.

Siemens Mobility beefs up Canadian transit capabilities with purchase of RailTerm

LRT projects in Ottawa and Gatineau among the mass transit opportunities in Canada attracting attention.

Small businesses squeezed by chip shortage, worry tech giants will be supplied first

Large companies are overcorrecting by ordering huge quantities of chips to keep as inventory, exacerbating the shortage.

Ontario plans to reopen week of June 14 under new three-stage plan

Step one of the province's reopening plan will see some non-essential retail reopen with 15% capacity limits.

Summer camp to help address ‘social malnutrition’ suffered by young people amid pandemic

Aries Contracting among local firms helping to offer a brighter summer to more young people across the region.

Ontario extends stay at home order to June 2, aims for a ‘two dose’ summer

Recreational outdoor facilities would remain closed to limit mobility and other behaviour that could contribute to the spread of the virus.

Coworking space operator TCC Canada breathes new life into Shopify’s iconic Elgin Street HQ

Move creates opportunities for businesses of any size to access the best designed collaborative workspace in Ottawa.

Canada’s Paper Excellence announces deal to buy Domtar Corp. in US$3B deal

Paper Excellence, which acquired Catalyst Paper Corp. in 2019, will invest in Domtar's assets for long-term growth.

Air Canada calls on feds to lift hotel quarantine as it prepares for recovery

'The current mandatory hotel quarantine for arrivals has proven ineffective,' CEO says as airline posts $1.3B first-quarter loss.
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